April 13, 2026

Capitalizations Index – B ∞/21M

Cardano (ADA) Price Rally Could Extend Beyond $0.1000

Cardano (ada) price rally could extend beyond $0. 1000

Cardano (ADA) Price Rally Could Extend Beyond $0.1000

  • ADA price surged more than 20% after forming a support base near $0.0565 against the US Dollar.
  • The price traded above the key $0.0700 and $0.0800 resistance levels in the past three sessions.
  • There was a break above a couple of declining channels or bullish flags at $0.0620 and $0.0710 on the 4-hours chart (data feed via Kraken).
  • The price pumped above the $0.0900 level and tested the $0.0950 resistance level.

Cardano price gained a strong bullish momentum recently against the US Dollar and bitcoin. ADA surged above the $0.0900 level and it may continue to rise towards the $0.1000 level.

Cardano Price Analysis

Recently, there was a strong rise in the cryptocurrency market as bitcoin price climbed above the $5,000 level. It helped cardano price in gaining bullish momentum above the $0.0700 resistance against the US Dollar. Earlier, the ADA/USD pair formed a solid support base near the $0.0565 level and started an upside move. It settled above the $0.0600 level and the 55 simple moving average (4-hours) to move into a positive zone.

Besides, there was a break above a couple of declining channels or bullish flags at $0.0620 and $0.0710 on the 4-hours chart. The pair rallied significantly above the $0.0800 and $0.0880 resistance levels. Finally, the price broke the $0.0900 resistance and traded to a new 2019 high at $0.0951. At the moment, the price is correcting lower below the $0.0900 level. It broke the 23.6% Fibonacci retracement level of the recent wave from the $0.0688 low to $0.0951 high.

However, there are many supports on the downside near the $0.0840 and $0.0830 levels. The 50% Fibonacci retracement level of the recent wave from the $0.0688 low to $0.0951 high is also near the $0.0820 level. The main support is at $0.0800, where buyers are likely to emerge. On the upside, an initial resistance is near the $0.0920 level. If there are further gains, the price is likely to clear the $0.0951 high.

Cardano price analysis ada price

The chart indicates that ADA price is placed nicely in a crucial uptrend above $0.0800. If buyers remain in action, there are chances of an upside break above the $0.0951 high. The next stop for buyers could be near the $0.1000 pivot level, where sellers may emerge. Above $0.1000, the price may test the $0.1040 and $0.1080 levels. On the downside, there are many supports above the $0.0800 level and dips remain well bid.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is slowly reducing the recent bullish slope.

4 hours RSI – The RSI for ADA/USD is currently correcting lower from the 90 level, with a minor bearish angle.

Key Support Levels – $0.0840 and $0.0820.

Key Resistance Levels – $0.0950 and $0.1000.

Tags: ADA, Cardano

Published at Wed, 03 Apr 2019 09:28:31 +0000

Previous Article

Pakistan Will Issue Its Own Digital Currency By 2025

Next Article

Bitcoin and Ether Market Update: April 03, 2019

You might be interested in …

bitJob Announces Partnerships with Leading Academic Institutions

The blockchain marketplace for student employment is already gaining traction with a series of universities, even before its main token sale has started.

TEL AVIV, ISRAEL. August 31st, 2017. – BitJob, the blockchain platform that aims to create a global marketplace for student employment, is off to a flying start in both its university partnerships and its token pre-sale.

[Note: This is a press release]

Crypto employment

The project is designed to connect university students with employment opportunities within the digital currency sector, and will shortly be holding its crowd fund. However, even before the formal launch it has garnered significant interest from a series of universities and student groups, signalling a promising future. Like digital currencies themselves, the greater the network effect the more valuable the project becomes for its users – and if the collection of participants to date is anything to go by, BitJob will become one of the primary hubs for recruitment in the blockchain sector.

One of the first participating groups is the University of Florida Bitcoin Club, which was founded in September 2016 by founder and developer Aaron Schwartz. The list of universities and groups that have joined BitJob to date also include Blockchain at Berkeley, McGill Cryptocurrency Club, Concordia Fintech Society, The Ivey Business School at Western University, Infolab at The Cyprus International Institute of Management (CIIM), and The Blockchain Education Network.

Social responsibility

Although the initiative is powered by blockchain technology, BitJob’s significance is primarily social, rather than technical – as Dr Theo Mourouzis, one of the project’s newest advisers and Programme director of the MSc in Business Intelligence and Data Analytics at the Cyprus International Institute of Management (CIIM), explains.

bitJob is an excellent application of Blockchain technology, that utilizes its decentralization, automation and transparency features for enabling students to earn some income while they are studying. It is not the technology aspect that makes bitJob a great idea but more importantly its social responsibility aspect towards the society and especially the group of youngsters enrolled for studies in universities. It is not only the disruption that it brings in the job-seeking space but the direct elegant solution that it offers that allows students with primarily no solid professional experience to earn a leaving and employees that have an opportunity to search for fresh minds, hungry to show their skills. This directly contributes towards the great gap that exists between demand and supply for technical skills that exists nowadays.

– Dr Theo Mourouzis, CIIM

Mourouzis, who is also Research Fellow at University College London’s Centre for Blockchain Technology, has extensive international consultancy experience in data science, blockchain and information security. In 2013, he was a member of the UCL security group that was awarded the first prize in the UK Cyber Cipher Security Challenge among UK universities. ‘The passion and the great knowledge of the founding members about technology and especially blockchain and security convinced me to become a member of this project from the first minute’ said Mourouzis. ‘As an advisor at bitJob, I make sure that all security standards and best practices are followed contributing towards the solidity of the final product and design.’

BitJob raised $1.5M USD in the first week of its token pre-sale, which ended on 16 August.

The official STU token sale will begin on 12 September.

For more information or to participate, visit www.bitjob.io.

The post bitJob Announces Partnerships with Leading Academic Institutions appeared first on Bitcoinist.com.

Asian cryptocurrency trading roundup: top altcoin is ripple

Asian Cryptocurrency Trading Roundup: Top Altcoin is Ripple

Asian Cryptocurrency Trading Roundup: Top Altcoin is Ripple Crypto markets are performing well once again and have broken through the previous high from the last rally indicating a return to bullish sentiment. Total market cap […]